As of November 2024, the maximum leverage available on Bitget for trading in the derivatives market (futures or perpetual contracts) is 1:100. This means that traders can amplify their positions by up to 100 times, potentially increasing both their profits and losses.
Note: High-leverage products in the cryptocurrency market carry significant risks. Always understand the potential for substantial losses and ensure you have a robust risk management strategy in place before trading.
(Start your trading journey on BitGet using the referral code ‘wgiw‘ and claim up to $1000 as a welcome reward)
What is the maximum leverage I can use for trading Bitcoin and altcoins on Bitget?
The maximum leverage for trading BTC in a pair with the US dollar is 1:100. This maximum leverage is also available for trading the most liquid contracts, such as ETH/USD. For most other altcoin-based contracts, Bitget sets leverage values 2-3 times lower due to the higher risk of volatility.
What is the optimal leverage on Bitget?
We recommend using leveraged products wisely. It’s best to start with lower leverage on Bitget, ideally up to 1:10, to understand the market dynamics and gradually increase it as you gain more experience and confidence. Always prioritize risk management and never invest more than you can afford to lose.
Can I reduce Bitget leverage size?
Yes, you can reduce the maximum leverage size on Bitget. By default, most exchanges offer the maximum leverage size for trading pairs. You can reduce it in two ways:
- Adjusting Orders: The simplest way is by setting your orders with a lower leverage manually.
- Contacting Support: Alternatively, you can contact Bitget’s customer support to request a permanent reduction in your account’s maximum leverage settings.
Both methods help you tailor the leverage to your trading strategy and risk tolerance.
How many Bitcoins can I buy on Bitget with $1000 using leverage?
With the maximum leverage of 1:100, you can buy 100 times more Bitcoin than you could with $1000 alone. To find the current price of Bitcoin and determine the exact amount you can purchase, use the converter, which will automatically calculate the amount of Bitcoin you can buy. The converter also provides the most up-to-date price of Bitcoin.
Does Bitget offer margin trading on spot?
Yes, Bitget does offer margin trading on the spot market, with a maximum leverage of 1: 10. This means that traders can borrow up to 10 times their initial investment to increase their trading position, allowing for potentially higher returns. However, this also means that losses can be magnified, so it is crucial to trade responsibly and be aware of the risks involved.
Traders’s Recommendation
Leverage allows traders to control a larger position with a smaller amount of capital, but this magnifies both potential profits and potential losses. For example, if you trade with 10x leverage on Bitget, investing $100 means you’re controlling a $1,000 position in Bitcoin. If the price of Bitcoin rises by 5%, your profit would be $50, which is 50% of your initial investment. However, if the price drops by 5%, your loss would also be $50, which is half of your initial capital. The more leverage you use, the less room you have for the price to move against you before experiencing significant losses. It’s essential to understand that while leverage can multiply your gains, it can just as easily lead to substantial losses.
